Qatar is launching an ambitious development platform 'Mulhemeen', which is aimed at inculcating entrepreneurship, especially in the small and medium enterprises (SME) segment, in the country.
As a country whose economy is mostly driven by its small- and medium-sized enterprises (SMEs), Germany could play a significant role in helping Qatar further develop its SME ecosystem, a top bank executive has said.
The strategy is a “first-of-its-kind” in Qatar and in Arab countries, and is aimed at nurturing business startup companies.
The findings were announced during the first ‘National Incubation Strategy’ workshop hosted by QDB at the Hilton Doha on Monday.
Small and medium-sized enterprises (SMEs) in Qatar secured QR700mn in public procurement contracts, out of a total of QR2.5bn in 2017, according to Oxford Business Group.
New programmes and strategies are creating platforms for start-ups and SMEs in Qatar, Oxford Business Group (OBG) has said in a report.
The Ministry of Economy and Commerce (MEC) on Friday issued a series of tips for entrepreneurs and owners of small and medium enterprises (SMEs) about the role of social media in the development of their business.